The gold stablecoin XAU₮ issued by Tether is an ERC-20 token, with each token backed by one troy ounce of gold. The contract address is shown , and the current circulating supply is 246,524.33 XAU₮, with a market value of approximately 570 million US dollars. There are no custody fees or trading gas fees, only a one-time fee of 25 basis points when purchasing or redeeming. If you want to exchange it for physical gold, Tether can also deliver physical gold bars to any address in Switzerland (additional shipping costs apply). However, physical delivery is limited to fixed specifications of physical gold, requiring over 430 TOZ of XAU₮ to redeem for physical gold bars.
Tether Launches GoldBacked Stablecoin aUSD Plans to Develop Digital Asset Tokenization Platform